Lake Forest Development and Conex Services to Exercise Warrants Early to Finance OTU Purchase

VANCOUVER, BC / ACCESSWIRE / May 24, 2016 / Para Resources Inc. (the “Company” or “Para“) (TSXV: PBR) (WKN: A14YF1) is pleased to announce that its high-grade gold mine and mill at El Limon in Colombia has now been operating for two weeks and is producing gold. The senior management team and major shareholders attended the mine site near Zaragosa last week to witness operations. All systems were operational and the mine is processing material stockpiled during the re-construction phase. There is approximately 4,500 tons of mineralized rock from the underground mine on site waiting to be processed. Underground mining operations continue.

During this phase of the ramp up schedule, the mill has been operating on one 12-hour shift. Second shift personnel are on site and undergoing training. The ramp up schedule anticipates moving to 24 hours per day production schedule in June.

In addition to the ongoing mining and processing at El Limon, the Company has begun to implement a geological survey program to assist in developing a comprehensive mining plan, assess and quantify the extent of the underground potential and to begin to map and survey the surrounding property at El Limon and the adjacent OTU property to be acquired in the impending purchase of the mineral rights from OTU Gold. This program will improve the efficiency of underground mining operations and develop additional sources of mineralized material to feed the 200 TPD mill.

The Company also announces that the due diligence on the purchase of the approximately 17,000 Ha of mineral rights from OTU Gold has been completed and the parties are proceeding to a definitive agreement. The purchase of the OTU mineral rights is expected to close on June 28th 2016.

The $1 million USD purchase of the OTU mineral rights require a cash payment of $500,000 USD at closing. In order to be able to make that payment and after seeing the progress at the El Limon mine site last week, Conex Services Inc (“Conex”) and Lake Forest Development Corp. (“Lake Forest”), both major shareholders of the Company and holders of approximately 7.3 million Share Purchase Warrants (Lake Forest: 5,979,096 and Conex: 1,285,112) which expire on August 22, 2016, have arranged to exercise these warrants in early June 2016, for net proceeds to the Company of $726,420.80 CAD. Both of Lake Forest and Conex will hold the shares resulting from the Warrant Exercise as a long term investment.

Geoff Hampson, CEO of Para Resources, commented:

“Seeing the production plant and mill up and running and producing gold after the re-construction program is very gratifying. Preliminary indications are that mining and processing costs will be on budget. The gold grade of the 4,500 tons of material extracted from the underground and stock piled at the mine site are as anticipated and are expected to improve in the coming months as new mine production will have less dilution. The team at the mine site has done a great job of bringing the project in on schedule and on budget.”

Photographs taken during the site visit last week will be posted on the Company’s website shortly and will be available at www.pararesourcesinc.com.

About El Limon

The El Limon property is located in the northwest part of Colombia near the town of Zaragoza, Antioquia, Colombia and is accessible via both paved highways and gravel roads. The mine is situated in the wide Zaragoza Gold District which extends from El Bagre until Remedios towns considering the historical alluvium mining and the primary gold underground mines. The El Limon claims cover a total area of approximately 321 hectares, including 129.6 hectares in RPP No. 12011 and 191.1 hectares in the concession contract No. 620 which is located west of the currently exploited zone.

Typical production grades of the region range from 8-12 g/t Au diluted. However, higher grade mines do exist, such as Quintana and El Limon mines at 8-29 g/t Au diluted. Vein widths are typically below 1 m although both the hanging wall and the footwall zones can contain appreciable economic mineralization within the high-grade cores.

The highest grades obtained by Para Resources, during mining operations, were in a channel sample of 2.00 m of width over a quartz vein with abundant sulphides and reported 65.33 gpt Au, containing 0.3 meters at 428.42 gpt Au.

The El Limon mine is currently operating underground on Level 7 where the head grade continues to be high at approximately 8 gpt Au. The vein system is open at depth but constrained at both ends by faults. Management believes the property offers multiple exploration targets that could significantly increase the life of the mine. It is management’s intention to utilize some of the cash generated from mining, to drill the property to expand the number of targeted areas for mining.

Mr. Paulo J. Andrade, a Member of the Australian Institute of Geoscientists (MAIG #6136), Senior Geologist, VP and Country Manager for Para Resources, Inc., a CP/QP under NI-43-101, has reviewed and approved the scientific and technical information in this press release.

ABOUT PARA RESOURCES:

Para Resources is an exploration stage gold mining and toll milling company. Para is earning an interest in the El Limon project, in Colombia, with toll milling opportunities, and exploration and development upside. In addition the Company is gearing up to commence trial mining operations at its Tucuma Project and in particular on the Angelim prospect in Para State, Brazil. Para Resources will continue to take advantage of current market conditions to acquire and develop additional highly economic, near-term production assets that have strong exploration and development upside.

ON BEHALF OF THE BOARD OF DIRECTORS

“C. Geoffrey Hampson”
C. Geoffrey Hampson, Chief Executive Officer and Director

For further information, please contact Andrea Laird:

Telephone: 604-259-0302

Neither TSX Venture Exchange nor its regulation service provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

All statements, analysis and other information contained in this press release about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The company does not undertake any obligation to update forward-looking statements even if circumstances or management’s estimates or opinions should change except as required by applicable laws. Investors should not place undue reliance on forward-looking statements.

SOURCE: Para Resources Inc.

ReleaseID: 440333

SEOUL, SOUTH KOREA / ACCESSWIRE / May 25, 2016 / LEO Motors Inc. (OTCQB: LEOM) (“LEO” or “Company”) announced today that it has executed an agreement which provides for up to $10,000,000 in financing though the sale of the Company’s common stock from an institutional investor at a purchase price equal to the average of the lowest 2 VWAPs during the 5 consecutive trading days following the delivery by the Company of notice plus a 5% discount. The Company’s ability to draw down on the equity line is subject to the shares of common stock being issued to the investor being registered with the Securities and Exchange Commission. There can be no assurance that the Company will receive the full amount of the equity line funding. NMS Capital Advisors served as the financial advisor to the Company.

LEO will use part of the proceeds from this funding towards its overall business plan to expand into China by forming a China based joint venture company which will manufacture electric buses and trucks. In addition, LEO will further expand its U.S. operations in developing its electric motor boat and power yacht conversion services. In its domestic market, LEO will market electric buses in Korea.

LEO has developed its patented battery swap system which enables vehicles to operate 24-hours a day without downtime for charging, as is currently the only solution with end users. By using the LEO technology, end users may swap-out used batteries with freshly charged batteries. Unlike its competitors, LEO’s battery swap system allows it to use low cost equipment in swapping as a result of its patented cartridge battery system. This results in power package being divided into many lighter pieces.

In addition, LEO has developed a patented electric shock prevention system for electric motor boats and power yachts. Electric boat power systems have traditionally presented electric shock hazards because of the proximity of water. Thus users of “e-boats” are exposed to the potential of fatal electric shock accidents. LEO’s proprietary technologies eliminate such dangers and this innovation positions LEO as the first company in the world to offer safety compliant water-friendly electric boats.

Dr. Kang, Chairman and CEO of LEO Motors, said, “We will start to commercialize our technology with the motor boat and power yacht conversion business in the U.S. We will offer to customers to convert existing Internal Combustion Engine motor boats and power yachts into electric motor boats and yachts. Through the use of our technology, we have developed an electric power system able to generate up to 600 horse power. Our electric power systems are also available as outboard ones.” Dr. Kang added “There are many companies in the world who make electric cars, but only very few companies can make electric boats. The primary reason for this is that they do not have safety technology. The most important technology feature for e-boat safety is the LEO electric shock prevention technology. As a result of this, we are the only company in the world which can produce a truly safe e-boat.”

”This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects,” “intends,” “anticipates,” “will,” or “plans” to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company’s reports and registration statements filed with the Securities and Exchange Commission.

Source Leo Motors
For more information please call
Mike King 702 650 3000

SOURCE: LEO Motors Inc.

ReleaseID: 440342

SEOUL, SOUTH KOREA / ACCESSWIRE / May 24, 2016 / Leo Motors Inc. (OTCQB: LEOM) (“LEO”) announced today that it has closed on an initial financing from an institutional investor through the sale of $395,000 in principal amount of debentures (“Debentures”). Net proceeds of $179,527.50 was received on May 18, 2016 and $179,527.50 shall be funded by June 18, 2016.. NMS Capital Advisors, LLC advised LEO on the financing and is working with LEO on additional financing.

LEO will use part of the proceeds from this funding towards its overall business plan to expand into China by forming a China based joint venture company which will manufacture electric buses and trucks. In addition, LEO will further expand its U.S. operations in developing its electric motor boat and power yacht conversion services. In its domestic market, LEO will market electric buses in Korea.

LEO has developed its patented battery swap system which enables vehicles to operate 24-hours a day without downtime for charging, as is currently the only solution with end users. By using the LEO technology, end users may swap-out used batteries with freshly charged batteries. Unlike its competitors, LEO’s battery swap system allows it to use low cost equipment in swapping as a result of its patented cartridge battery system. This results in power package being divided into many lighter pieces.

In addition, LEO has developed a patented electric shock prevention system for electric motor boats and power yachts. Electric boat power systems have traditionally presented electric shock hazards because of the proximity of water. Thus users of “e-boats” are exposed to the potential of fatal electric shock accidents. LEO’s proprietary technologies eliminate such dangers and this innovation positions LEO as the first company in the world to offer safety compliant water-friendly electric boats.

Dr. Kang, Chairman and CEO of LEO Motors, said, “We will start to commercialize our technology with the motor boat and power yacht conversion business in the U.S. We will offer to customers to convert existing Internal Combustion Engine motor boats and power yachts into electric motor boats and yachts. Through the use of our technology, we have developed an electric power system able to generate up to 600 horse power. Our electric power systems are also available as outboard ones.” Dr. Kang added “There are many companies in the world who make electric cars, but only very few companies can make electric boats. The primary reason for this is that they do not have safety technology. The most important technology feature for e-boat safety is the LEO electric shock prevention technology. As a result of this, we are the only company in the world which can produce a truly safe e-boat.”

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects,” “intends,” “anticipates,” “will,” or “plans” to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company’s reports and registration statements filed with the Securities and Exchange Commission.

Source Leo Motors
For more information please call
Mike King 702 650 3000

SOURCE: Leo Motors Inc.

ReleaseID: 440341

VANCOUVER, BC / ACCESSWIRE / May 24, 2016 / Golden Dawn Minerals Inc., (TSXV: GOM) (FSE: 3G8A) (the “Company” or “Golden Dawn”) announces that on May 20^th, 2016, a Preliminary Economic Assessment (“PEA”) Technical Report was filed on SEDAR for its Greenwood Gold Project in south-central British Columbia, Canada. The economic data in this report was previously disclosed in the Company’s news release dated April 7, 2016. The PEA was prepared by P&E Mining Consultants Inc. with technical contributions from F. Wright Consulting Inc. and P. Cowley, P.Geo. The PEA may also be viewed on the company’s website: www.goldendawnminerals.com

View Greenwood Gold Project Map:

http://www.goldendawnminerals.com/greenwood_mines.jpg

PEA Highlights

• Base case pre-tax IRR of 72.6% and NPV (6% discount rate) of C$32.5M (after-tax IRR of 61.5% and NPV of C$23.2M)
• Pre-production capital requirements of C$9.7M
• Pre-production period of 6 months as a result of existing infrastructure and permits from the acquisition of the Mill and Lexington-Grenoble and Golden Crown Mines
• Life of mine (“LOM”) cash cost of US$631 per ounce gold and all-in sustaining costs of US$820 per ounce gold
• Preliminary Economic Assessment (the “PEA”) uses the updated mineral resource estimates as announced April 6, 2016.
• Potential of increasing resource on both Lexington and Golden Crown Mines
• Potential of further mill feed from the company’s 100% owned May Mac Mine 15 km by road access from Greenwood Mill.
• Several proximal satellite deposits too small to warrant stand-alone processing facilities may further increase mill feed.
• Life of Mine: 5 Years

Mineral Resources

The PEA is based upon the updated mineral resource estimates as previously announced April 7, 2016 and shown in the tables below.

Table of Updated Resource Estimates for the Greenwood Gold Properties (Effective March 24, 2016).

(1) Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues. It is noted that no specific issues have been identified as yet.

(2) The quantity and grade of reported Inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred resources as an Indicated or Measured mineral resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured mineral resource category.

(3) The mineral resources in this report were estimated using the Canadian Institute of Mining, Metallurgy and

Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council.

(4) The 3.5 g/t AuEq resource cut-off grade was derived from the approximate Jan 31/16 two year trailing average Au price of US$1,200/oz and Cu price of US$2.75/lb,US$/C$ exchange rate of 0.83, 90% & 85% respective Au and Cu process recoveries, C$35/t process cost,C$75/t mining cost and C$30/t G&A cost. AuEq g/t = Au g/t + (Cu% x 1.5)

(5) Effective date of the resource estimate is March 24, 2016.

Profile of existing Mill as in recommendations of PEA

• One of the key aspects of this project is the existing infrastructure, including a permitted modern crushing-grinding-gravity-flotation facility with a mill rated at 212 tonnes per day capacity, assay laboratory and tailing facilities, currently under care and maintenance. The associated lined tailings facility remains stable. The equipment inside the mill building all appear in good condition and the crushing and conveyor belts outside the mill building appear in reasonable condition. This mill is proven as functional since it processed material from the Lexington-Grenoble Mine from May 2008 until the end of December 2008. Refurbishment of the mill facility and crusher equipment is recommended to prepare for processing gold-copper resources from the company’s three proximal mines.

Project Profile

Golden Dawn’s Greenwood Gold Project Mill and Mine Complex are located in the historic Greenwood Mining Division in south-central British Columbia, Canada, approximately 500 km east of Vancouver. On completion of the acquisition from Huakan International Mining Inc., the Company’s primary focus will be re-activating the mine and mill permits and re-opening the Lexington-Grenoble mine. Mining development could then proceed, with gold-copper resources being processed in the Greenwood mill situated on the Golden Crown property. The Company will also be working to bring the Golden Crown mine on stream, and later the May Mac mine. All 3 mines are within a 2 km to 15 km radius of the Greenwood Projects Mill situated on the Golden Crown Property. Please see maps on the company website www.goldendawnminerals.com.

PEA Disclaimer

The PEA is preliminary in nature and it includes Inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability. There is no certainty that the PEA will be realized.

Qualified Persons

Technical disclosure in this news release has been reviewed and approved by Mr. Eugene Puritch, P.Eng. of P&E Mining Consultants Inc., an Independent Qualified Person as defined by National Instrument 43-101.

On behalf of the Board of Directors:
GOLDEN DAWN MINERALS INC.

“Wolf Wiese”
Wolf Wiese
Chief Executive Officer

For further information, please contact:
Corporate Communications
604-221-8936
allinfo@goldendawnminerals.com

THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS DOCUMENT CONTAINS CERTAIN FORWARD LOOKING STATEMENTS WHICH INVOLVE KNOWN AND UNKNOWN RISKS, DELAYS, AND UNCERTAINTIES NOT UNDER THE COMPANY’S CONTROL WHICH MAY CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE, OR ACHIEVEMENTS IMPLIED BY THESE FORWARD LOOKING STATEMENTS. WE SEEK SAFE HARBOR.

SOURCE: Golden Dawn Minerals Inc.

ReleaseID: 440340